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I would say it was a "chicken and egg" situation where good games quit being made because people weren't buying and people weren't buying because there were no good games but..... the good games ran out first. And the good games got buried under a pile of shitty games that the uneducated would purchase in droves (ie Carnival Games) because they released at budget prices.

I wish Nintendo would have stepped in and said "You're not releasing this shit on our console". And M$ didn't do much better. They had the peripheral out of the gate on Xbox One and launched without a killer app. They should have packed Kinect sports with every Xbox One to wash the bad taste out of everyone's mouth from last gen's model. But no. They didn't even have a (good) Kinect game at launch.